Fidelity Cutting Fees on 8 Index Funds

by Kyle Woodley | December 13, 2012 10:26 am

Fidelity Investments this week announced cuts to fees and investment minimums on a number of its mutual funds.

For Fidelity’s 14 Spartan index funds, the Investor class investment minimum will be lowered from $10,000 to $2,500, while the Advantage class will be lowered from $100,000 to $10,000. Investor and Advantage are retail share classes available to retail investors and retirement plans. In total, 22 funds (viewable here[1]) will see lower investment minimums.

Also, fees will be cut across eight different Spartan index funds. Here’s a look at those funds and the change in their fees (by class):

Advantage Shares

Spartan 500 Index Fund (MUTF:FUSVX[2]): From 0.06% to 0.05%.
Spartan Total Market Index Fund (MUTF:FSTVX[3]): From 0.07% to 0.06%
Spartan Emerging Markets Index Fund (MUTF:FPMAX[4]): From 0.22% to 0.20%
Spartan Mid Cap Index Fund (MUTF:FSCKX[5]): From 0.14% to 0.10%
Spartan Real Estate Index Fund (MUTF:FSRVX[6]): From 0.13% to 0.10%
Spartan Small Cap Index Fund (MUTF:FSSVX[7]): From 0.24% to 0.16%
Spartan U.S. Bond Index Fund (MUTF:FSITX[8]): From 0.11% to 0.10%

Investor Shares

Spartan Global ex-U.S. Index Fund (MUTF:FSGUX[9]): From 0.24% to 0.22%

Fidelity also said it would automatically convert qualifying Investor class shares into Advantage shares of the same fund in January 2013.

Kyle Woodley[10] is the Deputy Managing Editor of[11]. As of this writing, he did not hold a position in any of the aforementioned securities. Follow him on Twitter at @IPKyleWoodley[12].

  1. viewable here:
  2. FUSVX:
  3. FSTVX:
  4. FPMAX:
  5. FSCKX:
  6. FSRVX:
  7. FSSVX:
  8. FSITX:
  9. FSGUX:
  10. Kyle Woodley:
  12. @IPKyleWoodley:

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